I have recently joined the workforce and plan to get married in four years from now, when I will need Rs 10 lakh. How can I build this sum?
Pooja Garg, Noida
It is encouraging to read about the clarity with which you are looking at using your initial working years to save money for a major life event. A lot will depend on how much money you save each month and invest to achieve your financial goal. If you invest Rs 17,500 in a fund that earns 12 per cent annually, you will be able to reach your goal. You can achieve this by investing through SIP (systematic investment plan) in a diversified equity fund from the OLM Elite Beginner’s portfolio of funds.
